On September 1,2024, Hiker Shoes issued a $109,000,8-month, noninterest-bearing note. The loan was made by...
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On September Hiker Shoes issued a $month, noninterestbearing note. The loan was made by Second Commercial Bank where the stated discount rate is Hiker's effective interest rate on this loan is:
Note: Do not round intermediate calculations. Round your final answer to decimal places.
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